2 November 2016
As previously confirmed in our May 2016 newsletter from 1 October 2016 non-resident providers of e-services to consumers who are resident in New Zealand are required to charge GST on their supplies at 15%.
This is subject to a sales threshold of $60,000 (NZD) over a 12 month period and brings the country in line with the EU, Australia, South Korea, Japan, South Africa and others who are already charging VAT on these types of services.
This new tax will be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
E-invoicing hub
Navigating complexity and preparing for the digitalisation of VAT and the future of tax Following compromises and modifications to the original proposal, the...
SEE MORE
LATEST NEWS
EU finance ministers agree to introduce new customs...
In November, the Economic and Financial Affairs Council (ECOFIN) agreed to introduce a customs charge on low-value parcels valued below €150. The charge...
SEE MORE
LATEST NEWS
UPDATE: Swiss government confirms likely delay for the...
The Swiss tax authorities have confirmed that the increase in the standard VAT rate from 8.1% to 8.8% will now be postponed until 2028. This VAT rate increase...
SEE MORE